Boerse Stuttgart Partners with DekaBank to Enhance Cryptocurrency Trading for Institutional Clients
Boerse Stuttgart, recognized as one of Germany’s premier stock exchanges, has officially announced a strategic partnership with DekaBank. This collaboration aims to introduce cryptocurrency trading services tailored for the institutional clientele of the renowned German investment bank.
This partnership enables DekaBank, which boasts a substantial asset base exceeding 411 billion euros (approximately $427 billion), to seamlessly integrate cryptocurrency offerings into its existing financial services. The integration will be facilitated through Boerse Stuttgart Digital’s regulated brokerage infrastructure, ensuring that clients receive secure and compliant trading solutions.
Matthias Voelkel, the CEO of Boerse Stuttgart Group, emphasized the significance of this collaboration, stating, “Partnering with DekaBank to offer crypto trading to its institutional clients underscores our commitment to providing financial institutions across Europe with secure and fully regulated infrastructure solutions.”
Boerse Stuttgart Digital, a dedicated subsidiary of the Boerse Stuttgart Group, specializes in providing comprehensive brokerage, trading, and custody services tailored specifically for financial institutions throughout Europe. Notably, just last month, the exchange reported a remarkable surge in its cryptocurrency trading operations, which now constitutes a staggering 25% of its total revenue.
This strategic alliance aligns with Boerse Stuttgart’s broader vision to forge additional partnerships with various European banks, brokers, and asset managers, thereby facilitating the widespread adoption of cryptocurrencies. The exchange has also reported that its cryptocurrency trading volumes experienced an impressive growth, nearly tripling in the past year, marking it as their most successful year to date. Currently, Boerse Stuttgart holds approximately 4.3 billion euros (around $4.45 billion) in custody, reflecting its robust position in the crypto market.
